Time Warner Cable Inc (TWC) financial statements (2020 and earlier)

Company profile

Business Address 60 COLUMBUS CIRCLE, 17TH FLOOR
NEW YORK, NY 10023
State of Incorp. DE
Fiscal Year End December 31
SIC 4841 - Cable and Other Pay Television Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1707075253,454
Cash and cash equivalents1,1707075253,304
Short-term investments   150
Receivables916949954883
Prepaid expense356365297
Prepaid expense and other current assets223
Other undisclosed current assets17295368317
Total current assets:2,4592,3162,1444,877
Noncurrent Assets
Property, plant and equipment16,94515,99015,05614,742
Long-term investments and receivables65645687
Long-term investments65645687
Intangible assets, net (including goodwill)29,59029,6723,7483,530
Goodwill3,1393,1373,1962,889
Intangible assets, net (excluding goodwill)26,45126,535552641
Other noncurrent assets2184591,257
Prepaid expense and other noncurrent assets562
Defined benefit plan, assets for plan benefits  611 
Deferred tax assets, net   (11,280)
Other undisclosed noncurrent assets  25,40137,291
Total noncurrent assets:46,81846,18546,12944,932
TOTAL ASSETS:49,27748,50148,27349,809
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6562,2291,0911,136
Accounts payable656567565653
Accrued liabilities 647  
Employee-related liabilities 397394384
Taxes payable 13213299
Interest and dividends payable 486  
Debt51,0171,7671,518
Restructuring reserve76
Deferred revenue and credits   183
Other liabilities2,0791,8131,8371,799
Other undisclosed current liabilities1,202(568)531689
Total current liabilities:3,9494,4975,2265,325
Noncurrent Liabilities
Long-term debt and lease obligation, including:22,49722,70123,28525,171
Other undisclosed long-term debt and lease obligation22,49722,70123,28525,171
Liabilities, other than long-term debt13,83213,38112,847954
Pension and other postretirement defined benefit plans, liabilities32204
Deferred tax liabilities, net12,83012,56012,098 
Liability, pension and other postretirement and postemployment benefits 95
Other liabilities1,002726717750
Other undisclosed noncurrent liabilities (95)(32)11,076
Total noncurrent liabilities:36,32935,98736,10037,201
Total liabilities:40,27840,48441,32642,526
Stockholders' equity
Stockholders' equity attributable to parent8,9958,0136,9437,279
Common stock3333
Additional paid in capital7,4817,1726,9517,576
Accumulated other comprehensive income (loss)(414)(324)44(663)
Retained earnings (accumulated deficit)1,9251,162(55)363
Stockholders' equity attributable to noncontrolling interest4444
Total stockholders' equity:8,9998,0176,9477,283
TOTAL LIABILITIES AND EQUITY:49,27748,50148,27349,809

Income statement (P&L) ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues23,69722,81222,12021,386
Cost of revenue(3,899)(3,596)(13,509)(13,150)
Cost of goods and services sold  (10,342) 
Gross profit:19,79819,2168,6118,236
Operating expenses(15,559)(14,584)(4,031)(3,791)
Operating income:4,2394,6324,5804,445
Nonoperating income150361488
Investment income, nonoperating 1(10)(9)
Other nonoperating income1503511497
Interest and debt expense(1,402)(1,419)(1,555)(1,614)
Income from continuing operations before equity method investments, income taxes:2,9873,2493,0263,319
Income from equity method investments 3319454
Other undisclosed income (loss) from continuing operations before income taxes1(34)(6)(437)
Income from continuing operations before income taxes:2,9883,2483,0393,336
Income tax expense(1,144)(1,217)(1,085)(1,177)
Net income:1,8442,0311,9542,159
Net loss attributable to noncontrolling interest   (4)
Net income available to common stockholders, basic:1,8442,0311,9542,155
Dilutive securities, effect on basic earnings per share1918  
Net income available to common stockholders, diluted:1,8632,0491,9542,155

Comprehensive Income ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:1,8442,0311,9542,159
Other comprehensive income (loss)(90)(368)707(104)
Comprehensive income:1,7541,6632,6612,055
Comprehensive income, net of tax, attributable to noncontrolling interest   4
Other undisclosed comprehensive loss, net of tax, attributable to parent   (8)
Comprehensive income, net of tax, attributable to parent:1,7541,6632,6612,051

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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